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Lenovo announces joint venture with NEC

Yen-Shyang Hwang, Taipei; Joseph Tsai, DIGITIMES Asia Friday 28 January 2011 0

China-based PC vendor Lenovo, on January 27, announced it will establish a joint venture, NEC Lenovo Japan Group, with NEC. Lenovo will hold a 51% stake in the newly formed company and NEC 49%. Meanwhile, Lenovo will pay NEC US$175 million, which Lenovo...

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